After the political parties missed a deadline to submit a Prime Minister candidate yesterday, Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah summoned the 30 Barisan Nasional members of Parliament for an audience at the Istana Negara individually at 10.30am today.
While global sentiment improved overnight with the major Wall Street indices jumping over 1% on positive corporate earnings and remarks by a Fed official that she would support easing up on interest rate hikes given the latest inflation data, Bursa Malaysia appears to have largely ignored the news in light of the domestic scenario.
Most blue-chip counters were in the red in early morning trade with some notable losers being Kuala Lumpur Kepong down 22 sen to RM20.08, PETRONAS Gas sliding 18 sen to RM16.64 and PPB shedding 18 sen to RM16.04. Genting, which took a breather from the selling yesterday, fell five sen to RM4.21 on concerns over the gaming sector. Genting Malaysia also dropped four sen to RM2.53 after a brief respite yesterday.flat at 18 sen, and Eden up two sen to 19.5 sen.